Categories: Stories

The paper that Zimbabwe business leaders presented to Mugabe

The above are some of the many infrastructure projects launched by Government, which have capacity to enhance the economy’s productive capacity and hence generate growth, with employment creation. The Government has also implemented Kariba South Project and Hwange 7/8 energy projects that upon completion will cumulatively add 900MW to the supply of electricity in the country, reducing imports and saving foreign exchange.  

The Tokwe – Mukosi dam will change the agriculture landscape in the southern part of Zimbabwe, with major implications for new agro-based projects – sugarcane, fisheries, tourism, among others, increasing production and productivity, employment and exports.   

Investment in highways dualisation and upgrading is critical for restoring Zimbabwe’s critical role at the epicenter of the SADC infrastructure networks, linking South Africa and northern SADC states, Zambia, Tanzania and DRC.

The Government has also taken concrete steps to revive Ziscosteel. New investors have been identified and intervention modalities are being finalized. This will have downstream positive effects on the entire steelworks value chain and other industries.

1.2.3 Statutory Instrument S164

Government instituted SI 64 to regulate imports, particularly of non-essentials, and this has had the effect of increasing capacity utilization in some sectors of the economy, most notably edible the oils subsectors, leading to an overall increase in domestic capacity utilization from 34.3% to 47.2% last year. The SI contributed to the increase in capacity utilization in sub sectors such as Foodstuffs, Drinks, Tobacco and Beverages manufacturing; Wood and Furniture as well as Paper, Printing and Packaging – with some subsectors now operating at 70% capacity utilization levels.

  • Reduction in imports value
  • Investment in local manufacturing by entities that were previously exporting to Zimbabwe.

 

Continued next page

(1016 VIEWS)

This post was last modified on %s = human-readable time difference 7:51 am

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Zimbabwe serious about de-dollarisation

Zimbabwe has come up with a de-dollarisation roadmap which will soon be presented by Finance…

August 7, 2024

Chamisa says it is not easy to run a political party under a dictatorship – but told you are probably talking about yourself

Former Citizens Coalition for Change leader Nelson Chamisa says it is not easy to lead…

July 31, 2024

ZiG brings stability and smoothness for business operations market analysts say

The Zimbabwe Gold (ZiG) has brought some stability into the market enabling some smoothness for…

July 28, 2024

People’s version of the 2024 Zimbabwe mid-year budget review

Zimbabwe Finance Minister Mthuli Ncube presented his mid-year budget review on Thursday which, among other…

July 27, 2024

British minister says he knows nothing about detained CCC activists

Britain’s Minister for Justice Lord Ponsonby of Shulbrede yesterday told the House of Lords that…

July 26, 2024

List of goods whose duty will be payable in ZiG from next week

Finance Minister Mthuli Ncube says duty for a number of selected goods will be payable…

July 26, 2024